The Gordian knot of growth
Speech by Nikhil Rathi, chief executive, at the Association of British Insurers roundtable. Thank you, Hannah, for the invitation. I must confess to a degree of trepidation: I read your ABI Dinner speech, where you called for Alexander the Great’s sword to be raised over regulators, and for
Read MoreFCA charges two individuals with multiple fraud charges
The FCA hasstartedcriminal proceedings againstKerry Nelsonand Jacqueline Stephensforalleged fraud,forgery, and money laundering. Kerry Nelson was director of both Nexus Independent Financial Advisers Limited (Nexus IFA) and Nexus Investment Managers Limited (Nexus IM). Jacqueline Stephens was business operations manager at the same firms.Ms Nelson and Ms Stephens have been
Read MoreHelping markets thrive and managing systemic risk: the FCA’s approach to non-bank leverage
Speech by Sarah Pritchard, executive director of markets, at the Investment Association Roundtable. At this time of year, it’s almost impossible not to think about spring. Warmer weather, a bit of sun. It’s always a joy to see the world come back to life after a dull, grey
Read MoreFCA finds vast majority of ongoing suitability reviews delivered
The FCA has found that financial advisers are delivering suitability reviews in the vast majority of cases included in its review of ongoing advice. Financial advisers can charge their clients for ongoing advice and related services, such as arranging transactions or managing a relationship between a retail client
Read MoreCourt sets date for £64 million WealthTek fraud and money laundering trial
A trial has been scheduled for September 2027 at Southwark Crown Court in the criminal proceedings brought by the FCA against John Dance, the former WealthTek LLP principal partner. Mr Dance was charged in December 2024 with alleged misappropriation of £64 million of customer funds between 2014 and
Read MoreOur T+1 journey starts now
Speech by Mark Francis, interim director of wholesale markets sell-side, at UK Accelerated Settlement Taskforce industry event. T+1 settlement: improving market efficiencyWe are fully supportive of the UK moving to a T+1 settlement cycle for securities trades. Our letter to the Prime Minister on supporting growth highlighted that
Read MoreFCA announces winners of its economics research competition
The FCA has announced the winners of its research competition, which aims to increase understanding of how regulation can support economic growth. Six projects have been selected and awarded funding of up to £30,000 each.The competition, launched in November 2024, attracted 43 entries from 41 organisations, including academics,
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UK and Welsh Government unite in £1m fund to transform River Wye
The Welsh and UK Government have today announced a new £1 million joint research initiative to tackle water quality issues in the River Wye. HM GovernmentSource
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The UK unequivocally condemns the Taliban’s ban on girls’ education in Afghanistan: UK statement at the UN Security Council
Statement by Ambassador James Kariuki, UK Deputy Permanent Representative to the UN, at the UN Security Council meeting on Afghanistan. HM GovernmentSource
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Planning revolution to fuel growth and make Britain energy secure
Dozens of clean energy projects will jump to the front of the queue for grid connections, through new measures in the Planning and Infrastructure Bill HM GovernmentSource
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